RE: NOT bashing uraniums toorisky: I'm new to this board but I was a long term holder or UUU and have started nibbling here. The thorium question is not new and post Fukushima, short sellers were leaning HARD on that story to scare people out of UUU. How many of you remember DRCOPPER and his "work"? And where is he now? I suspect he took his profits and moved on.
I did more than my fair share of reading on the subject of thorium and while it looks good in theory, it seemed as though there were issues with the creation and maintenance of a physical plant as well. Namely corrosion. Seemed that this was a very difficult issue to overcome with today's technology. Bottom line--new reactor designs seem (and I use the term "seem" because I am not an engineer and have to trust the word of experts) much safer than those of 40 years ago and they are designs that are ready to go today--when the energy is needed.
At best thorium-based technologies are not even ready for a good test run yet and I could not even imagine how a company would go about raising capital to get that show on the road with all that uncertainty. More proof is required from where I stand. If short sellers (and their nasty spin doctors) can attack conventional nuclear with its good track record and large body of knowledge with misinformation campaigns, what might they do to the IPO of a thorium energy stock? For some idea of what these guys do, check out the Silvercorp saga...
We all want cheap and clean energy but from a purely economical point of view, there is no such thing. ALL energy has danger and downside associated with it. The numbers say that nuclear is the way of the future and using current and known technology, uranium fission is where it is at. If someone needs a series of 1000 MW plants today and run them for the next 50 or more years, there is only one place to go--unless they want to put a whole lot of carbon into the sky. The solution is to build a plant that consumes what DML produces. Maybe when those plants have run their lives, thorium technology will be available to replace them.
For what it's worth, just my two cents...